LEI codes

If your company trades in securities, it will usually need an LEI code. An LEI is a global identification code used to identify companies in financial transactions, such as buying and selling shares or exchange-traded funds.

On this page, you can find out when an LEI is required and how to obtain one.

What is an LEI code?

An LEI code (Legal Entity Identifier) is a global identification code for companies. It is used to identify legal entities when trading in securities.

When do you need an LEI code?

Your company needs an LEI code if you intend to:

  • buy or sell shares
  • trade exchange-traded funds (ETFs)
  • trade other financial instruments
  • participate in issues, such as share offerings

You do not need an LEI code to:

  • trade units in standard mutual funds held in a fund account

How to obtain an LEI code

Follow these steps:

  • Choose an authorised LEI issuer
  • Register your company details on the issuer’s website
  • Pay the registration fee

You will receive your LEI code once your application has been approved and the payment has been processed.

LEI issuers

You can apply for an LEI code through an authorised issuer:

LEIpass AB Öppnas i nytt fönsterNordLEI Öppnas i nytt fönsterLondon Stock Exchange Group Öppnas i nytt fönsterBloomberg Öppnas i nytt fönster

How much does an LEI cost and how long does it take?

Depending on the issuer, a LEI costs between SEK 750 and SEK 1 500 for the first year. Subsequent annual fees are between SEK 500 and SEK 1 000. To be able to trade in securities, it is important that you update your LEI every year and pay the annual fee. It can take up from 15 minutes up to 5-7 business days to receive your LEI, depending on which issuer you choose. However, if many companies are applying at the same time, it may take longer. Some issuers also offers automated renewal up to three or five years. 

FAQ

  • What is an LEI?

    LEI stands for Legal Entity Identifier. An LEI makes it possible to identify all investors in the EU. As of 2018, all legal entities such as companies, asset managers and mutual funds will need an LEI to be able to trade in securities and derivatives.

  • How does the Bank get my LEI ?

    Please contact your local branch as soon as you have received your LEI code. They will help you to register your code.

    Find your branch
  • What applies for sole traders?

    If a sole trader wants to trade in derivatives, an LEI is required. Otherwise an NID is sufficient.